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NYT > World Business
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As Gazprom Goes, So Goes Russia:
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The weight of Gazprom, Russia’s corporate leviathan, extends far beyond its fields of natural gas all the way to the Kremlin, now headed by Dmitri A. Medvedev, its chairman.
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Checking In: Arriving in London: Hotels Made in China:
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The aggressive expansion plans of Travelodge, one of the largest budget hotel chains in Britain, hinge on the use of prefabricated hotel rooms, manufactured in China.
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Consumed: Almighty Dolor:
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As Americans, we like the dollar, but as investors, we’re a little more willing to go where the money is.
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Fragrance Market Is Establishing a Foothold in China:
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The importance of brand in sales raises the question of the market’s future stability as sales of perfume, a product that has few cultural roots in China, have recently risen exponentially.
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Light Touch in Inventing Chinese Scents:
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Western perfume makers have been selling their scents in China for roughly a decade. But in a few months, Parfums Benetton will introduce two of the first perfumes that have been designed especially for Chinese tastes.
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Trade Deficit Narrows in March, but Exports Fall:
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The falling demand for imports is the latest indication that Americans are reining in their spending habits.
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Hints of a Shift at OPEC About a Rise in Oil Output:
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An oil official signaled for the first time in months that the oil cartel might increase its output to prick the price bubble.
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At Daimler, Sales Follow the World’s Oil Riches:
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Daimler AG, the maker of Mercedes-Benz automobiles, will deal with slowing auto sales in the U.S. in part by shifting sales to Russia, China and the Middle East, its chief executive said.
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Thank Goodness, Dublin Keeps Its Guinness Plant:
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Ending speculation that it would shut the 250-year-old St. James’s Gate brewery, the owner of Guinness stout said it was committed to continuing operations at the site because of its iconic status.
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High Prices for Staple Foods Dip, but Volatile Markets Persist:
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The prices of rice, wheat, soybeans and several other foods have come down recently, a development that could ease some of the panic in global food markets.
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Toyota Expects Decline in Annual Profit:
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The drop in annual profit is accelerating a shift by the Toyota Motor Corporation into emerging markets like China, Latin America and the Middle East.
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Europeans and British Leave Rates Unchanged:
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The European Central Bank left its benchmark interest rate unchanged at 4 percent on Thursday, saying that the region’s economy remained resilient despite financial turmoil.
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Push to End Europe’s Ban on U.S. Poultry Backfires:
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American pressure for a quick end to a Europe-wide ban on U.S. poultry imports threatened to backfire after European officials contradicted claims that the dispute was almost resolved.
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U.S. Detains Executive, Deepening UBS Inquiry:
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A UBS executive was briefly detained by U.S. authorities in connection with a widening investigation into the Swiss bank’s work with questionable tax transactions.
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Citi to Send a Top Banker to Dubai:
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Hoping to establish a stronger foothold in the oil-rich region, Citigroup is sending Alberto J. Verme, a co-head of investment banking, to Dubai by the end of the month.
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Criticized in U.S., the F.A.A. Is Seen in Many Regions as a First-Rate Regulator:
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Despite the heightened scrutiny of the F.A.A., regulators elsewhere say they still view the American agency as a model for safety and regulatory compliance.
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Europe Delays Decision on Growing of Modified Crops:
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The European Union delayed decisions on whether to allow European farmers to grow types of genetically modified crops.
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Airbus Suffers Setback to Recovery Plans:
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The airplane manufacturer said that tighter credit and the weakening dollar had forced it to break off talks with a second supplier over the sale of several European factories.
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Some Signs of an Upturn for the Dollar:
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After six years of stumbling against the euro, the dollar may be showing signs of getting back on its feet.
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Gas Prices Expected to Peak in June:
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As oil futures rose above $122 a barrel, the Energy Department said it expected gasoline prices to peak at a national average of $3.73 a gallon in June.
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China-India Rivalry Possible in African Telecom Deal:
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The battle for the African telecommunications company, the MTN Group, could come down to a clash between the world’s largest, and fastest growing, emerging markets.
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In Europe, New Scrutiny of Ethical Standards:
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A series of bribery investigations at leading European companies has helped to accelerate compliance with global anti-corruption standards, legal analysts and international regulators say.
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